@ya9gong
BTC Drop: Panic or Opportunity?
The market's shaking right now.
But this is more complex than it looks.
Multiple factors converged. Not just one event.
Three key drivers:
△ Long-term holders taking massive profits
△ Bitcoin spot ETF flows turning negative
△ Global macro risks expanding
ETF money that fueled early buying dried up, weakening supply dynamics. OG investors seized the moment to lock in gains.
Here's what matters though.
The market structure changed
Institutional liquidity and ETFs are absorbing significant sell pressure now. The market matured.
Merkle Tree Capital's CIO calls this "a healthy correction phase."
Fundamentals remain solid according to the analysis.
Temporary cycle correction or the start of something deeper?
What's your take?
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